Arco Platform "announced that its board of directors has received a preliminary non-binding proposal dated November 30, 2022 from General Atlantic L.P. and Dragoneer Investment Group, LLC to acquire all of the outstanding Class A common shares of the Company that are not held by such parties or Oto Brasil de Sa Cavalcante and Ari de Sa Cavalcante Neto or their respective affiliates. The proposal states that the Founders support the Proposed Transaction and will roll over 100% of their Class A common shares and Class B common shares in the Proposed Transaction, and that after the closing of the Proposed Transaction, the Founders will maintain the same economic and voting interest in the Company as they currently have. The purchase price proposed by General Atlantic and Dragoneer for each Class A common share is $11.00 in cash, which represents an approximately 22% premium over today’s closing price of $9.04 per Class A common share."
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